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Goel Construction IPO vs Swastika Castal IPO

Comparison between Goel Construction IPO and Swastika Castal IPO.

IPO Details

Goel Construction IPO is a SME Fixed Price IPO proposed to list at BSE SME while Swastika Castal IPO is a SME Fixed Price proposed to list at BSE SME.

 Goel Construction IPOSwastika Castal IPO
LogoGoel Construction IPO LogoSwastika Castal IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersSrujan Alpha Capital Advisors LLPHorizon Management Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Accurate Securities & Registry Pvt.Ltd.
Market MakerChoice Equity Broking Pvt.Ltd.Horizon Financial Consultants Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Goel Construction IPO is up to ₹95.14 Cr whereas the issue size of the Swastika Castal IPO is up to ₹13.35 Cr. The final issue price of Goel Construction IPO is ₹263.00 per share and of Swastika Castal IPO is ₹65.00 per share.

 Goel Construction IPOSwastika Castal IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹250.00 per share
Issue Price (Upper)₹263.00 per share
Issue Price (Final)₹263.00 per share₹65.00 per share
Discount (Retail)
Discount (Employee)₹10.00 per share
Market Lot Size400 shares2000 shares
Fresh Issue Size28,94,000 shares20,54,000 shares
Fresh Issue Size (Amount)up to ₹76.11 Crup to ₹13.35 Cr
OFS Issue Size7,23,600 shares0 shares
OFS Issue Size (Amount)up to ₹19.03 Crup to ₹0.00 Cr
Issue Size Total36,17,600 shares20,54,000 shares
Issue Size Total (Amount)up to ₹95.14 Crup to ₹13.35 Cr

IPO Timetable

Goel Construction IPO opens on Sep 02, 2025, while Swastika Castal IPO opens on Jul 21, 2025. The closing date of Goel Construction IPO and Swastika Castal IPO is Sep 04, 2025, and Jul 23, 2025, respectively.

 Goel Construction IPOSwastika Castal IPO
Anchor Bid DateSep 01, 2025
Issue OpenSep 02, 2025Jul 21, 2025
Issue CloseSep 04, 2025Jul 23, 2025
Basis Of Allotment (Tentative)Sep 08, 2025Jul 24, 2025
Initiation of Refunds (Tentative)Sep 09, 2025Jul 25, 2025
Credit of Share (Tentative)Sep 09, 2025Jul 25, 2025
Listing date (Tentative)Sep 09, 2025Jul 28, 2025
Anchor Lockin End date 1Oct 04, 2025
Anchor Lockin End date 2Dec 03, 2025

Financials & KPIs

Goel Construction IPO P/E ratio is 7.8, as compared to Swastika Castal IPO P/E ratio of 14.8.

 Goel Construction IPOSwastika Castal IPO
FinancialsEBITDA

Swastika Castal Ltd. Financial Information (Restated)

Swastika Castal Ltd.'s revenue increased by 30% and profit after tax (PAT) rose by 305% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets30.8323.8226.24
Total Income30.3123.3524.41
Profit After Tax2.630.650.58
EBITDA4.552.482.33
Net Worth10.678.037.39
Reserves and Surplus4.676.535.89
Total Borrowing9.128.979.64
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.70100.00
Promoter Shareholding (Post-Issue)73.49
P/E Ratio7.814.8
Market Cap₹380.02 Cr.₹53.07 Cr.
ROE28.17%
ROCE33.69%32.74%
Debt/Equity0.220.85
EPS₹33.72₹4.39
RoNW34.09%24.70%

Shares Offered

In the Goel Construction IPO Retail Individual Investors (RII) are offered 12,40,800 shares while in Swastika Castal IPO retail investors are offered 12,40,800 shares. Qualified Institutional Buyers (QIB) are offered 7,08,400 shares in Goel Construction IPO and 0 shares in Swastika Castal IPO.

 Goel Construction IPOSwastika Castal IPO
Anchor Investor Reserveration10,62,000 shares
Market Maker Reserveration1,90,400 shares1,10,000 shares
QIB7,08,400 shares0 shares
NII5,32,800 shares10,26,000 shares
RII12,40,800 shares10,28,000 shares
Employee73,600 shares0 shares
Others
Total36,17,600 shares20,54,000 shares

Bids Received (Subscription)

Goel Construction IPO subscribed 124.34x in total, whereas Swastika Castal IPO subscribed 5.08x.

 Goel Construction IPOSwastika Castal IPO
QIB (times)124.20x
NII (times)224.80x2.42x
Big NII (times)280.68x
Small NII (times)113.03x
RII (times)88.61x7.75x
Employee (times)1.01x
Other (times)
Total (times)124.34x5.08x